insurance charges

[fuggy]

i have just changed my car and altered the cover mid term. i was given a new price which was way over the top. i found one aprrox £200 cheaper (avivia) and canceled the policy. i have just received a demand for £50 plus from (privilege). has anyone any experience with this ?. i may just offer 50p per week.

[factor-fiction]

Most, if not all, firms have a cancellation charge and £50 is not far out of line in my experience. What does your policy T and Cs says the charge would be?

[cathfromsaron]

you should have called them and negotiated it down!

[sunny-dave]

You can't just walk away in the middle of a 12 month contract - doesn't matter whether it is for a phone, car insurance or anything else for that matter.

The insurer has committed to covering you for a year, you have committed to paying for a year - it's not a "pay as you go" contract.

There will have been cancellation charges in the small print to compensate the insurer for you leaving early.

[fuggy]

thanks for that. it's food for thought.